dated July 17 Ethereum short-term in our analysis support and resistance We shared our expectations and stated that the rises that could come up to $ 1722 in Ethereum would not surprise us.
As we stated in this analysis, the holding at the $1342 support Ethereum A 32% premium went as high as $1783.
Some of the resistances we mentioned in the news above have now turned into support.
Nowadays 100-day average with $1732 resistance struggling EthereumCloses above this level in , may raise us above $2000 again.
Above $1732, $2145 and $2327 levels can be followed as resistance.
As the support level 1581$ and 1500$ band can be followed.
Considering the negative divergence in the daily RSI, where Ethereum has been rising for 4 weeks, some pullback should be considered reasonable.
While we consider the pullbacks reasonable, as long as there is no daily close below $1508 EthereumWe will continue to look at it positively.
Ethereum is currently trading 65% off its peak. Having made a new low of $885 on June 18, ETH is up 91% in 44 days.
*Not Investment Advice.